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Korologos to retire from Microsoft board

Rand trustee who spent seven years on board with Gates and company cites personal, professional commitments.

After a seven-year tenure on Microsoft's board of directors, Ann McLaughlin Korologos has declined to seek re-election, citing other personal and professional commitments. Her retirement was announced on Friday. Korologos also currently serves as chairman of Rand's board of trustees.

The results of Microsoft's board elections are determined at the company's annual shareholder meeting. Among other members, the current board includes Microsoft CEO Steve Ballmer, company chairman and co-founder Bill Gates, and former Microsoft president and COO John Shirley.